09.10.2013 - Asia’s falling currencies hit some companies on the bottom line

Volatility in Asian currencies this year has caused some companies that have otherwise seen big growth in the region to suffer losses and reconsider their hedging strategies. A number of companies have already issued currency-related earnings warnings ahead of the start of the third-quarter reporting season and analysts expect the number to rise.
adidas Group, for example, said last month that profits could be hurt by weaker currencies in emerging markets, while consumer-goods giant Unilever attributed slow sales growth to “significant currency weakening.”..............................................Full Article: Source